The couple, who are married with two children, had two separate mortgages with the same lender on their property.
The main mortgage had three months left on the deal. The second mortgage, which was effectively a loan, was taken out for home improvements a number of years ago.
As most lenders do not have systems in place to combine mortgage contracts, it meant the couple had two separate rates, with separate terms, separate payments and separate early repayment charges.
Oviso helped the couple by combining both mortgages into one with a new lender.
Whilst the new deal maintains the same overall monthly repayment, it reduces the term of the total borrowing by three years – saving £21,000* in repayments.
For more information about remortgaging and how our advisors can help manage the application process, from start to finish, why not get in touch today.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Image used is for illustrative purposes only.